Specified Leverage and LC Ratio. WIL-Ireland shall not, as of the last day of any Fiscal Quarter, permit the Specified Leverage and LC Ratio to be greater than 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Weatherford International PLC), Day Revolving Credit Agreement (Weatherford International PLC)
Specified Leverage and LC Ratio. WIL-Ireland shall not, as of the last day of any Fiscal QuarterQuarter (commencing with the Fiscal Quarter ending June 30, 2016), permit the Specified Leverage and LC Ratio to be greater than (i) with respect to any Fiscal Quarter ending on or before December 31, 2016, 4.00 to 1.00 and (ii) with respect to any Fiscal Quarter ending on or after March 31, 2017, 3.50 to 1.00.
Appears in 2 contracts
Samples: Credit Agreement (Weatherford International PLC), Term Loan Agreement (Weatherford International PLC)
